Blooming Grove, NY – After an 8 year wait, a Hasidic investment group has finally submitted development plans to build a 566 home subdivision on an over 750-acre site near Lake Anne in South Blooming Grove.
RECORDONLINE.com (http://bit.ly/1xtTxLw) reports that the investment group, Keen Equities LLC, purchased the land—formerly the Lake Anne Country Club—in 2006 for $15M with the intentions of building a subdivision aimed at helping to accommodate the fast-growing needs of Kiryas Joel’s Satmar community, but efforts to build have been repeatedly stymied due to what the investors say were “disputes with the village over scope and density of the development.”
According to an application submitted to the village’s Planning Board earlier this month, the project calls for 521 single family homes, 54 duplex units, and 20 acres on non-residential land which the group plans to use for 100,000 sq. ft. of commercial space and infrastructure.
In confirming Keen Equities’ application, Village Attorney Dennis Lynch said, “The village is looking at the matter and will certainly apply the law.”